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BBI 2O. Introduction to Business. BELL WORK. Skim through chapter 1, write down any bolded terms you are not familiar with. (5 minutes) Read “Pita Pit”, page 5. Answer questions #1, #2 (5 minutes). UNIT 1: Business Fundamentals. Chapter 1: Economic Basics. What is a Business?.

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Bbi 2o

BBI 2O

Introduction to Business


Bell work
BELL WORK

  • Skim through chapter 1, write down any bolded terms you are not familiar with. (5 minutes)

  • Read “Pita Pit”, page 5. Answer questions #1, #2 (5 minutes)

BBI 2O

Unit 1


Unit 1 business fundamentals

UNIT 1: Business Fundamentals

Chapter 1: Economic Basics


What is a business

What is a Business?

“I feel that luck is preparation meeting opportunity”

~ Oprah Winfrey


What is a business1
What is a Business?

  • There are many ways to classify a business.

BBI 2O

Unit 1


What is a business2
What is a Business?

  • A For-profit Business

    “an organization that produces or sells goods or services to satisfy the needs, wants, and demands of consumers for the purposes of making a profit”

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What is a business3
What is a Business?

  • A For-profit Business

    Profit: money left after all expenses have been paid

    Expenses: money spent on running the business (wages, supplies)

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What is a business4
What is a Business?

  • A For-profit Business

    Costs: money spent for the production of the good or service

  • Businesses try to keep profits up by keeping costs and expenses down.

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What is a business5
What is a Business?

  • A For-profit Business

    Profit = Revenue – Expenses

    If profit is negative, it is called a loss.

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What is a business6
What is a Business?

  • A For-profit Business

    A business which makes profit may use the money to:

    • expand/grow operations

    • improve products/services

    • give to owner/shareholders

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What is a business7
What is a Business?

  • Non-profit and Not-for-profit Businesses

    NP: does not look to make profit, but raises funds for a specific goal (charities, charitable organizations)

    Examples?

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What is a business8
What is a Business?

  • Non-profit and Not-for-profit Businesses

    NFP: does not seek to make profit, extra monies used to improve services

    Examples?

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What is a business9
What is a Business?

  • Non-profit and Not-for-profit Businesses

    Co-operative: A group of people who come together to meet a set of goals in a democratically controlled business.

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What is a business10
What is a Business?

  • Size of Business

    Small or medium sized business: less than 500 people

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What is a business11
What is a Business?

  • Forms of Business Ownership

  • will be covered in chapter 2

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What is a business12
What is a Business?

  • Goods or Services?

    Businesses either sell goods (physical things you take home) or provide services (do something) in exchange for money.

    Some do both.

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What is a business13
What is a Business?

  • Goods or Services?

    • Businesses that sell goods

    • Businesses that provide services

    • Businesses that do both.

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What is a business14
What is a Business?

  • Distribution

    How are goods & services delivered?

    • Bricks and mortar business, telemarketing, catalogue, virtual store (internet)

      Examples?

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What is a business15
What is a Business?

  • Role in the Community

    What does the business do for the community?

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What is a business16
What is a Business?

  • Jobs

    What type of jobs does it provide?

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What is a business17
What is a Business?

  • HOMEWORK

    • read pages 6-9

    • questions: page 10 #3, 4

    • read pages 10-14

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Role of the consumer
Role of the Consumer

  • Producers manufacture goods for consumers. Companies that attract more consumers can make more sales and more profit.

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Role of the consumer1
Role of the Consumer

  • The interaction between producer and consumer creates the marketplace.

PRODUCER

CONSUMER

MARKETPLACE

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Role of the consumer2
Role of the Consumer

  • Years ago, business dictated what was produced, and in what quantities.

  • Eventually, consumers started to tell manufacturers their needs and wants, creating competition.

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Role of consumer
Role of Consumer

Name some new trends and related products on the market.

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Role of the consumer3
Role of the Consumer

Consider High-Definition TV trends:

RIM (Blackberry) vs. Apple (iPhone)

Who will decide which technology will win?

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Role of the consumer4
Role of the Consumer

  • Consumers also decide when a product will no longer be produced. When no one wants a product anymore, it becomes obsolete.

  • What are some things you know of that have become obsolete?

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Role of the consumer5
Role of the Consumer

  • Consumers also influence price. Companies used to have pricing power (could charge what they want), but with competition consumers can shop around for the best deal.

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Role of the consumer6
Role of the Consumer

  • Consumers also have consumer purchasing power—as customers they dictate how much they are willing to pay, but also the level of service.

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Role of the consumer7
Role of the Consumer

  • HOMEWORK

    • Questions: page 14, q #5, 6, 7

    • Read pages 15-19

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Starting a business1
Starting a Business

  • People who start their own businesses are called entrepreneurs.

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Starting a business2
Starting a Business

  • Entrepreneurs need:

    • self-confidence

    • a flair for innovation

    • the ability to work alone

    • an aptitude for managing others

BBI 2O

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Starting a business3
Starting a Business

  • Consumer Needs and Wants

    Sometimes a business is started to satisfy consumer needs. Needs are things that are necessary for survival.

    You need food, clothing.

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Starting a business4
Starting a Business

  • Consumer Needs and Wants

    Wants are things that are not necessary for survival, but add comfort and pleasure to our lives.

    You want a burger, A&F shirt.

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Starting a business5
Starting a Business

  • Attracting Consumer Interest

    It is important to understand how consumers make buying decisions. This will help decide what to make, how to market and distribute the product.

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Starting a business6
Starting a Business

  • Attracting Consumer Interest

    Businesses need to listen to what the consumer wants. The challenge is then to get those customers to buy your product.

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Starting a business7
Starting a Business

  • Attracting Consumer Interest

  • BRAINSTORM

  • What can companies do to attract more customers?

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Starting a business8
Starting a Business

  • Attracting Consumer Interest

  • Sample answers:

    • create a new product

    • modify an existing product

    • more heavily promote a product

    • offer purchase incentives (coupons)

    • convince consumers they need (want) the product

    • develop different uses for product

    • offer free samples

    • in-store demonstrations

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Starting a business9
Starting a Business

  • Attracting Consumer Interest

    The task is to come up with a product the consumer needs or wants, at a price they’re willing to pay, in a place that is convenient, and promote it so they know about it.

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Starting a business10
Starting a Business

  • HOMEWORK

    • complete worksheets C & E for tomorrow

    • start working on Entrepreneur assignment

    • read pages 20-22

BBI 2O

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Bell work1
BELL WORK

  • “Being in business means making decisions all the time, every day.”

    With a partner, pick a business. Write down five decisions that a business needs to make in an average day. (5 minutes)

WRITE DOWN

DON’T WRITE

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  • Homework Check

    • Hand in worksheet C & E

    • Reminder: “Do You Have What it Takes to Be an Entrepreneur” activity due tomorrow in class

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Making good bus decisions
Making Good Bus. Decisions

  • The five-step decision-making model can be used to help in any business situation.

  • (as we go through this note, refer to example in textbook, pages 20-22)

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  • Consider this:

  • Cambridge Stick Inc. makes hockey and ringette sticks. Cambridge Stick is a major sponsor of the ringette national championships which are being held in Cambridge and demand for their sticks has sky-rocketed - so much that it cannot keep up with demand.

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Making good bus decisions1
Making Good Bus. Decisions

  • Determine what decision has to be made.

    What is the problem? What issue needs to be resolved?

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Making good bus decisions2
Making Good Bus. Decisions

  • Identify the alternatives.

    Brainstorm as many solutions to the problem as possible.

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Making good bus decisions3
Making Good Bus. Decisions

  • Evaluate the advantages and disadvantages of each.

    What are the pros and cons of each option?

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Making good bus decisions4
Making Good Bus. Decisions

  • Make a decision and take action.

    Choose the best alternative, and go with it.

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Making good bus decisions5
Making Good Bus. Decisions

  • Evaluate the decision.

    After some time, review the decision. Was it the best choice? Would you do something differently or considered something else next time?

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Making good bus decisions6
Making Good Bus. Decisions

  • Determine what decision has to be made.

  • Identify the alternatives.

  • Evaluate the advantages and disadvantages of each.

  • Make a decision and take action.

  • Evaluate the decision.

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Unit 1


Making good bus decisions7
Making Good Bus. Decisions

  • HOMEWORK

    • Finish Entrepreneurial assignment

    • Pick a significant decision you made/need to make, apply the decision-making process

    • Question: page 22, #13

    • Apply Q #13 to your decision

BBI 2O

Unit 1


Bell work2
BELL WORK

  • Think of that big bag of potato chips you are going to have after this class. What are ALL of the things that went into making that bag of chips? [And I do mean ALL!] List one under the other. (on your own, 5 minutes)

BBI 2O

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Economic resources1
Economic Resources

  • Economic resources, or factors of production are how products are made available to consumers.

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Economic resources2
Economic Resources

  • Natural Resources

    • Materials that come from the earth, water, or air

    • Most are non-renewable (oil), or take a long time to renew (trees)

    • Businesses are limited

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Economic resources3
Economic Resources

  • Human Resources

    • Also called labour, “HR”

    • The people who are involved in the production of the product

    • Most businesses have an HR department

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Economic resources4
Economic Resources

  • Capital Resources

    • The buildings, equipment, vehicles, factories used

    • Usually last a long time, require large initial investment

    • Money is considered capital too!

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Economic resources5
Economic Resources

  • Interdependence

    • Almost all companies have some dependence on other companies

    • Works on many levels

      You get the Cambridge Times–what are all the things you depend on to get that newspaper? Classify each.

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Economic resources6
Economic Resources

  • Economic Systems

    • A way to deal with the selection, production, distribution and consumption of products

    • Gov’t and business work together

    • Try to make best use of resources, develop alternatives

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Economic resources7
Economic Resources

  • TASK

    Go back to the list you generated during bell work. Identify each item as either a natural resource, human resource, or capital resource. Submit to teacher.

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Economic resources8
Economic Resources

  • HOMEWORK

    • Questions: page 28, q #15, 16

    • Read pages 28-32

      →pay special attention to the two tables

    • CHAPTER 1 FORMATIVE QUIZ Friday (F.I.T.B.)

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Demand supply and price1
Demand, Supply, and Price

  • Demand is quantity consumers are willing/able to buy at a particular price. Generally:

  • lower price = greater demand

  • Called the law of demand.

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Demand supply and price2
Demand, Supply, and Price

The DemandCurve

High prices → Demand is low

Price

Low prices → Demand is high

Quantity

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Demand supply and price3
Demand, Supply, and Price

  • Demand is created by:

    • Consumer awareness/interest

    • Ample supply

    • Reasonable/competitive price

    • Easy access

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Demand supply and price4
Demand, Supply, and Price

  • Factors that Affect Demand

  • Leave 8-10 blank lines to summarize table 1.2 (page 29)

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Demand supply and price5
Demand, Supply, and Price

  • Supply is the quantity that business is willing to provide for a range of prices people are willing to pay. Generally,

  • Higher price = higher supply

  • Called the law of supply.

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Demand supply and price6
Demand, Supply, and Price

The Supply Curve

High prices → Supply is high

Price

Low prices → Supply is low

Quantity

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Demand supply and price7
Demand, Supply, and Price

  • Supply is created by a company’s desire to satisfy consumers’ needs and wants for a price.

  • Sometimes, a business will try to create demand for a product through marketing it well.

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Demand supply and price8
Demand, Supply, and Price

  • Factors that Affect Supply

  • Leave 8-10 blank lines to summarize table 1.3 (page 31)

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Demand supply and price9
Demand, Supply, and Price

  • Price is determined by many factors, including demand and supply. Another important factor is cost of production.

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Demand supply and price10
Demand, Supply, and Price

  • HOMEWORK

    • Summarize tables into notes

    • Questions: page 32, q #18, 21

    • Chapter Review questions: page 33, q #1, 4, 5, 6, 7, 8, 12

    • CHAPTER 1 FORMATIVE F.I.T.B. QUIZ FRIDAY

BBI 2O

Unit 1


Bell work3
BELL WORK

  • In your groups, speculate about the types of decisions business people must make before opening a business. Record your ideas so that you can compare them with your answers to the questions you will complete at the end of this chapter. (10 minutes)

BBI 2O

Unit 1


Unit 1 business fundamentals1

UNIT 1: Business Fundamentals

Chapter 2: Types of Businesses



Forms of bus ownership
Forms of Bus. Ownership

  • Who is your boss?

  • Who is your boss’s boss?

  • Can you become part owner?

  • Forms of business ownership and type of business help describe how the business is organized and run.

BBI 2O

Unit 1


Forms of bus ownership1
Forms of Bus. Ownership

  • Sole Proprietorship

    • Owned by one person, who performs most roles and owns everything

    • Owner gets all profits, takes all the losses → called unlimited liability

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Forms of bus ownership2
Forms of Bus. Ownership

  • Sole Proprietorship

    • Easiest and least expensive to set up

    • Easiest for tax purposes → income recorded under personal income

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Forms of bus ownership3
Forms of Bus. Ownership

  • Partnerships

    • Two or more individuals share costs and responsibilities

    • Terms of partnership recorded in partnership agreement

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Forms of bus ownership4
Forms of Bus. Ownership

  • Partnerships

    • Main advantage is working relationship between partners, usually they have complementary talents

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Forms of bus ownership5
Forms of Bus. Ownership

  • Partnerships

    General partnership

    • All partners have unlimited liability (can be held responsible for the other partner’s business related debts)

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Forms of bus ownership6
Forms of Bus. Ownership

  • Partnerships

    Limited partnership

    • Partners have limited liability (only responsible for their share)

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Forms of bus ownership7
Forms of Bus. Ownership

  • Corporations

    • Business with a legal status

    • Can be as small as one person, or multinational

    • Some owned by individuals, families, small groups

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Forms of bus ownership8
Forms of Bus. Ownership

  • Corporations

    • Ownership often broken into small units, shares, which are sold through a stock exchange (ie. TSX) → a publicly traded corporation

    • Those who buy: shareholders

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Forms of bus ownership9
Forms of Bus. Ownership

  • Corporations

    • Since there are many owners, a board of directors runs corp.

    • Shareholders have limited liability, not responsible for debts

    • Get profits as dividends

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Forms of bus ownership10
Forms of Bus. Ownership

  • Corporations

  • Private Corporation

    • Only a few people control stock

    • Not publicly traded

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Forms of bus ownership11
Forms of Bus. Ownership

  • Corporations

  • Public Corporation

    • Sell shares to raise money

    • 1 share = 1 vote; those with most shares influence company decisions (usually orig. owner, execs)

BBI 2O

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Forms of bus ownership12
Forms of Bus. Ownership

  • Corporations

  • Crown Corporation

    • Business owned by the federal or provincial government

      Federal: VIA Rail, CBC

      Provincial: LCBO

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Forms of bus ownership13
Forms of Bus. Ownership

  • Co-operatives

    • business owned by workers/those who use it

    • Run by board of dirs.

    • Each member only gets 1 vote

    • Profits shared based on use

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Forms of bus ownership14
Forms of Bus. Ownership

  • Franchises

    • A franchiser licenses the rights to the business to a franchisee for a fee

    • Franchisee runs business according to agreement

      Examples: Subway, Quiznos

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Forms of bus ownership15
Forms of Bus. Ownership

  • Franchises

    • Franchisee also pays monthly fee, has to purchase product through franchiser, sometimes gets trained by franchiser, has to maintain uniform quality

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Forms of bus ownership16
Forms of Bus. Ownership

  • HOMEWORK

    • Chapter Review questions: page 33, q #1, 4, 5, 6, 7, 8, 12

    • CHAPTER 1 FORMATIVE QUIZ TOMORROW

BBI 2O

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Going into business1
Going into Business

  • (Skip this section in the textbook)

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Int l business structures
Int’l Business Structures

  • There are various business structures for companies looking to expand their business outside of Canada’s borders.

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Int l business structures1
Int’l Business Structures

  • Joint Ventures

    Two businesses combine skills/abilities to benefit both parties.

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Int l business structures2
Int’l Business Structures

  • International Franchises

    A company licenses itself to business in another country to start business in that country.

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Int l business structures3
Int’l Business Structures

  • Strategic Alliances

    Agreements between businesses where each business commits resources to achieve a common objective.

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Int l business structures4
Int’l Business Structures

  • Mergers

    Two or more companies join together to form one to create greater benefit (sometimes called a takeover, especially if met with resistance).

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Int l business structures5
Int’l Business Structures

  • Offshoring

    Relocating some of the company’s resources to another country, usually to reduce operating costs and expenses.

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Int l business structures6
Int’l Business Structures

  • Multinational Corporations

    A company that does business in several different countries.

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Int l business structures7
Int’l Business Structures

  • HOMEWORK

    • Questions: pg 68, q #18, 20, 21

    • Chapter Review: pg 69, q #2, 3, 5, 14

BBI 2O

Unit 1


Unit 1 business fundamentals2

UNIT 1: Business Fundamentals

Chapter 3: Business Ethics & Social Responsibility


Bus ethics soc resp
Bus. Ethics & Soc. Resp.

  • In your small groups:

    • Read “Kicking Horse Coffee Co.”, page 73-74.

    • Answer questions 1 and 2

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Bus ethics soc resp1
Bus. Ethics & Soc. Resp.

  • What is ethical behaviour?

    • Acting in a way that conforms to social standards about what is right and good

    • Our values tell us what we think is important, morals are rules of what is good and bad

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Bus ethics soc resp2
Bus. Ethics & Soc. Resp.

  • What role should ethics play in business?

Society’s ethics

Individual’s ethics

Business’s ethics

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Bus ethics soc resp3
Bus. Ethics & Soc. Resp.

  • What role should ethics play in business?

    • Many companies develop a code of ethics explaining how employees respond to different situations

      Tylenol, Chicago, 1982

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Bus ethics soc resp4
Bus. Ethics & Soc. Resp.

  • How can businesses resolve ethical dilemmas?

    • An ethical dilemma is a moral problem with potential right or wrong answers

Values and morals?

Profitability and competitiveness?

OR

BBI 2O

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Bus ethics soc resp5
Bus. Ethics & Soc. Resp.

  • How can businesses resolve ethical dilemmas?

    • Some dilemmas: downsizing, pollution, toxic waste disposal, resource depletion, laws, employee rights, product safety, workplace safety…

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Bus ethics soc resp6
Bus. Ethics & Soc. Resp.

  • How can businesses resolve ethical dilemmas?

    Questions to ask to help resolve:

    • Who will be helped?

    • Who will be hurt?

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Bus ethics soc resp7
Bus. Ethics & Soc. Resp.

  • How can businesses resolve ethical dilemmas?

    Questions to ask to help resolve:

    • What are the benefits/ problems with this decision?

    • Will the decision survive the test of time?

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Bus ethics soc resp8
Bus. Ethics & Soc. Resp.

  • How can businesses resolve ethical dilemmas?

    • Whistleblowing: an employee informing officials or public about a legal/ethical violation

      • False financial practices, ignoring safety & health codes

BBI 2O

Unit 1


Int l business structures8
Int’l Business Structures

  • HOMEWORK

    • Questions: pg 68, q #18, 20, 21

    • Chapter Review: pg 69, q #2, 3, 5, 14

    • Study for test Tuesday

BBI 2O

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Bus ethics soc resp9
Bus. Ethics & Soc. Resp.

  • Fraud

    • List 9 types of fraud into your notes

  • Unethical Behaviour

    • Copy table 3.1 left column into your notes

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Bus ethics soc resp10
Bus. Ethics & Soc. Resp.

  • Accounting Scandals

    • Embezzlement: accountant or senior executives create phony accounts and direct money to themselves

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Bus ethics soc resp11
Bus. Ethics & Soc. Resp.

  • Insider Trading

    • Using information unavailable to the public for your own financial gain in the stock market

    • Investigated by securities commission

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Ethics and c s r
Ethics and C.S.R.

  • CSR exhibited through values, ethics, contributions to community

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Ethics and c s r1
Ethics and C.S.R.

Providing a safe and healthy work environment

Adopting fair labour policies

Protecting the environment

CSR Principles

Being truthful in advertising

Avoiding price discrimination

Donating to charity

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Ethics and c s r2
Ethics and C.S.R.

  • Duty to report

    • Corporations must disclose all important information to shareholders, business partners, lenders, insurers, communities, regulators, consumers, employees, and investigators

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Ethics and c s r3
Ethics and C.S.R.

  • Laws that Govern Corporate Ethics

  • There are laws that govern how a business can interact with others.

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Ethics and c s r4
Ethics and C.S.R.

  • 1. Workplace Safety

    In Ontario, the Occupational Health and Safety Act (OHSA) was instituted to ensure workplace safety and health.

    → defines rights and responsibilities of workers

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Ethics and c s r5
Ethics and C.S.R.

  • 1. Workplace Safety

    Workers have the right:

    • to refuse unsafe work;

    • to participate in H&S activities; and

    • to know about the hazards of their workplace.

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Ethics and c s r6
Ethics and C.S.R.

  • 2. Antidiscrimination Issues

    Gender discrimination is less of an issue. However, some companies still discriminate. Women or disabled workers face a glass ceiling (invisible barrier to promotions).

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Ethics and c s r7
Ethics and C.S.R.

  • 3. Harassment

    Refers to behaviour that is threatening, disturbing, or unacceptable. Businesses must protect employees from this.

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Ethics and c s r8
Ethics and C.S.R.

  • 4. Accessibility Issues

    Businesses have a duty to accommodate workers to eliminate discrimination (it’s in the Canadian Human Rights Act). Help must be provided to disabled employees.

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Ethics and c s r9
Ethics and C.S.R.

  • 5. Environmental Responsibility

    Because of several large disasters in the 1980s and 1990s, Canada introduced the Canadian Environmental Protection Act in 1999.

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Ethics and c s r10
Ethics and C.S.R.

  • 5. Environmental Responsibility

    Some companies still don’t comply—for some it is more costly to comply than it is to pay the fines.

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Ethics soc resp
Ethics & Soc. Resp.

  • 6. Labour Practices

    In Ontario, the Employment Standards Act establishes conditions for employment.

    → hours of work, overtime pay, minimum wage, holidays, benefits, leaves, termination

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Ethics and c s r11
Ethics and C.S.R.

  • Fair Trade

  • A “voluntary” ethical behaviour. Fair trade is the practice of helping producers in developing countries bypass expensive middlemen so they can sell their goods for a fair profit.

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Unit 1 business fundamentals3

UNIT 1: Business Fundamentals

Chapter 4: International Business



What is int l business
What is Int’l Business?

  • A domestic transaction is the selling of items produced in the same country.

  • An international transaction is the selling of items produced in other countries.

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What is int l business1
What is Int’l Business?

  • These transactions are referred to as foreign trade. Foreign trade contribues to the global economy.

  • International trade offers many benefits to businesses.

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What is int l business2
What is Int’l Business?

  • Benefits

  • Access to Markets

    • Canada: 32 million

    • World: 6.5 billion

  • Easy for global product producers, may be more difficult for producers of other products.

BBI 2O

Unit 1


What is int l business3
What is Int’l Business?

  • Benefits

  • Cheaper Labour

    • Standard of living and cost of living lower in many other countries, therefore lower wages

BBI 2O

Unit 1


What is int l business4
What is Int’l Business?

  • Benefits

  • Increased Quality of Goods

    • Search the world for parts to create the best possible products for customers

BBI 2O

Unit 1


What is int l business5
What is Int’l Business?

  • Benefits

  • Increased Quantity

    • An increase in sales may mean greater production, efficiency, higher employment, expansion of business

BBI 2O

Unit 1


What is int l business6
What is Int’l Business?

  • Benefits

  • Access to Resources

    • Find materials to build products from around the world

BBI 2O

Unit 1


What is int l business7
What is Int’l Business?

  • The Five Ps of Int’l Business

    • Product

    • Price

    • Proximity

    • Preference

    • Promotion

BBI 2O

Unit 1


What is int l business8
What is Int’l Business?

  • Costs of Int’l Trade

    • Offshore outsourcing

    • Human rights issues and labour abuses

    • Environmental degradation

BBI 2O

Unit 1


What is int l business9
What is Int’l Business?

  • Barriers to Int’l Business

    • Tariffs / custom duties

    • Non-tariff barriers (prod. ban)

    • Cost of importing/exporting

    • Excise taxes

    • Currency fluctuations

BBI 2O

Unit 1


Brainstorm
BRAINSTORM

  • What are all the things that you would serve at Christmas / Easter dinner? List items.

  • Categorize items as:

    • made in Canada

    • made in Canada using imported ingredients

    • imported from another country

BBI 2O

Unit 1



Flow of goods services1
Flow of Goods & Services

  • Balance of Trade

  • Relationship between imports and exports

  • imports > exports = trade deficit

  • exports > imports = trade surplus

BBI 2O

Unit 1


Flow of goods services2
Flow of Goods & Services

  • Importing: buying & shipping something from a foreign country

  • Exporting: selling & shipping something to a foreign country

  • Ideally, export > import… Why?

BBI 2O

Unit 1


Canada s major trading partners
Canada’s Major Trading Partners

$280B

$369B

$11.6B

$11.8B

$11.3B

$14.2B

$25.3B

$35.3B

BBI 2O

Unit 1

2005 Figures, taken from the Statistics Canada website


Flow of goods services3
Flow of Goods & Services

  • HOMEWORK

  • Questions: page 127, #6, 8, 10-12

  • Questions: page 133, #13, 14

BBI 2O

Unit 1



Canada int l trade agr
Canada & Int’l Trade Agr.

  • World Trade Organization (WTO)

  • North American Free Trade Agreement (NAFTA)

  • Group of Eight (G8)

  • European Union (EU)

BBI 2O

Unit 1





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